As new to the US real estate (i am a foreigner) I want to start with multifamily (ideally apartment buildings) already rented and in OK condition to generate immediate cash flow without having to incur large expenses in the first year(s).I am looking in PA (as I have some connections in RE there) or FL (nice weather).

Is there an adverse condition that you know about but don't disclose?

Remember that the Social Security portion is capped at $110,100 of earnings.

We figured he could live in it while we fixed it up (it's a street over from my house), and then when the conditions are right, we would sell it and make millions!

He has given me an estimate of 14-18k for a rehab that would bring it to rent ready condition.

Hope this helps.I've been doing a lot of research on this the past year, and this is what I've found (I could be wrong of course):Material prices aren't too much different around the country if you shop around for suppliers (there are differences in areas where shipping is more difficult and costly), and labor prices are surprisingly consistent (though there is a range of about 25-35%) if you ignore the high priced areas.Obviously, there will be regional differences in both labor and materials (especially in places where climate, soil and natural conditions impact building codes), but if you ignore places like NY, NJ, California, etc, you'll find that prices generally fall within 25-50%.I see you're in NJ, so you can probably throw the prices I mention out the window, but for a surprisingly large % of the country (especially between the coasts), prices will be pretty consistent within a 25-35% range.All that said, this is a topic I'm very interested in, and would love other data points, as I could be wrong

I have previously bought REO without issue, but the property was in better condition.

Did you leave the home in broom clean condition?

Sales are up in recessionary times, a good indicator of social fears and consumer expectations.

My wife did not make copies of their DLs or get their socials...I am not sure what my options are.